Sudeep Pharma IPO Day 3: Check live subscription status, allotment date and steps

Sudeep Pharma IPO: The initial public offering of Sudeep Pharma has been subscribed 6.20 times so far on the final day of bidding on Tuesday, November 25.

It has secured bids for 6,54,58,825 shares compared to 1,05,64,926 shares on offer, according to data available on the National Stock Exchange (NSE) website until 10:19 am.

The non-institutional investors category was booked 15.54 times, while the portion for retail individual investors (RIIs) got subscribed 5.65 times. The qualified institutional buyers' (QIBs) quota received 14% subscription.

The ₹895 crore initial share sale, with a price band of ₹563 to ₹593 per equity share, is a mix of a fresh issue worth ₹95 crore and an offer-for-sale of shares valued at ₹800 crore by promoters Sujit Jaysukh Bhayani HUF, Sujit Jaysukh Bhayani, Avani Sujit Bhayani and Shanil Sujit Bhayani.

The fresh issue proceeds will be used for procurement of machinery for its production line located at the Nandesari Facility 1. A part will also be used for general corporate purposes.

Sudeep Pharma is a manufacturer of excipients and speciality ingredients for sectors such as pharmaceutical, food, and nutrition. It operates six manufacturing facilities, specialising in minerals such as calcium, magnesium, zinc, iron, potassium and sodium.

Sudeep Pharma IPO allotment and listing dates

Sudeep Pharma IPO allotment status is expected to be finalised on Wednesday, November 26. The company's shares will be listed on the NSE and the BSE on Friday, November 28.

Sudeep Pharma status on MUFG Intime India; full steps

• Click on this link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Pick 'Sudeep Pharma Limited' from IPO names
• Fill in your Application No, PAN, Account No/IFSC or DP/Client ID
• Press the ‘Submit’ button

How to check Sudeep Pharma IPO allotment status on NSE

• Visit NSE's allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose ‘SUDEEPPHRM’ from the 'Select Symbol' list
• Add mandatory details like PAN and application number
• Click on the 'Submit' button

Steps to check Sudeep Pharma IPO allotment status on BSE

• Go to BSE's IPO status page: https://bseindia.com/investors/appli_check.aspx
• Choose 'Equity' as the issue type
• Click on ‘Sudeep Pharma Limited’ from IPO names
• Mention either your IPO application number or PAN
• Hit the ‘Search’ button

Sudeep Pharma IPO GMP

According to media reports and investorgain.com, the unlisted shares of Sudeep Pharma are trading at ₹679, reflecting a grey market premium of 14.50% over the upper price band of ₹593.